← Saving, reinvesting and borrowing lesson New set →

Saving and Reinvesting Worksheet for Kids

Entrepreneurship lesson 15: Saving, reinvesting and borrowing · Set 628 · 40 questions
TalentJR

Business tip (Save, grow, borrow carefully): Saving keeps money for later; reinvesting puts profit back into the business; spending uses it on yourself. Part of the profit = profit × percent ÷ 100. Simple interest = P × R × T ÷ 100; amount to pay back = loan + interest. Borrow only with your parents.

NameDateTime takenScore ___ / 40
  1. 1.Which of these is reinvesting in the business? (a) sweets for yourself (b) better paint for cards (c) a new video game (d) profit put in a bank
  2. 2.Which of these is saving? (a) buying a second juicer (b) better paint for cards (c) a new video game (d) a piggy bank for later
  3. 3.Meera’s stall made a profit of ₹600. Meera saves 20% of it. How many rupees are saved?
  4. 4.A small family shop borrows ₹700 from a bank at 8% simple interest per year. How much must it pay back in all after 3 years (in ₹)?
  5. 5.📆 Why repay a loan on time? (a) to pay more interest (b) to lose friends (c) to keep trust (d) it does not matter
  6. 6.Dev’s stall made a profit of ₹1000. Dev saves 25% of it. How many rupees are saved?
  7. 7.Which of these is spending on yourself? (a) more seeds for next time (b) a new video game (c) an emergency fund (d) profit put in a bank
  8. 8.A small family shop borrows ₹400 from a bank at 2% simple interest per year. How much must it pay back in all after 1 year (in ₹)?
  9. 9.👪 A teen wants to borrow for a business idea. First step? (a) borrow online alone (b) take it secretly (c) ask strangers (d) talk to parents
  10. 10.🐷 Saving, reinvesting or spending: more seeds for next time? (a) reinvesting (b) saving (c) spending
  11. 11.🐷 Saving, reinvesting or spending: an emergency fund? (a) reinvesting (b) spending (c) saving
  12. 12.🐷 Why save part of the profit? (a) to waste it later (b) saving is a loss (c) no reason (d) for bad days and goals
  13. 13.A small family shop borrows ₹1000 from a bank at 8% simple interest per year. How much must it pay back in all after 1 year (in ₹)?
  14. 14.🐷 Saving, reinvesting or spending: a piggy bank for later? (a) saving (b) reinvesting (c) spending
  15. 15.Riya’s stall made a profit of ₹2000. Riya saves 50% of it. How many rupees are saved?
  16. 16.Meera’s stall made a profit of ₹1700. 20% is saved, 50% is reinvested in the stall and the rest is spent. How many rupees are reinvested?
  17. 17.🐷 Saving, reinvesting or spending: a new video game? (a) saving (b) spending (c) reinvesting
  18. 18.Rohan’s stall made a profit of ₹1200. Rohan saves 50% of it. How many rupees are saved?
  19. 19.Lakshmi’s stall made a profit of ₹1800. 10% is saved, 40% is reinvested in the stall and the rest is spent. How many rupees are reinvested?
  20. 20.🏦 Interest on a loan is… (a) the cost of borrowing (b) a gift (c) free money (d) a discount
  21. 21.🔁 Reinvesting means… (a) putting profit back in (b) giving it away (c) hiding it (d) spending it on games
  22. 22.🐷 Saving, reinvesting or spending: buying a second juicer? (a) reinvesting (b) spending (c) saving
  23. 23.Joseph’s stall made a profit of ₹2000. 25% is saved, 50% is reinvested in the stall and the rest is spent. How many rupees are reinvested?
  24. 24.Which of these is reinvesting in the business? (a) profit put in a bank (b) a new video game (c) a cinema ticket (d) more seeds for next time
  25. 25.A small family shop borrows ₹200 from a bank at 4% simple interest per year. How much must it pay back in all after 2 years (in ₹)?
  26. 26.💡 Before borrowing, what should you ask? (a) can I pay it back? (b) how fast can I spend? (c) what is the logo? (d) nothing
  27. 27.Which of these is saving? (a) sweets for yourself (b) a cinema ticket (c) buying a second juicer (d) an emergency fund
  28. 28.🐷 Saving, reinvesting or spending: better paint for cards? (a) reinvesting (b) saving (c) spending
  29. 29.A small family shop borrows ₹500 from a bank at 7% simple interest per year. How much interest is due after 1 year (in ₹)?
  30. 30.Rohan’s stall made a profit of ₹1800. 25% is saved, 20% is reinvested in the stall and the rest is spent. How many rupees are reinvested?
  31. 31.Saanvi’s stall made a profit of ₹1000. Saanvi saves 10% of it. How many rupees are saved?
  32. 32.A small family shop borrows ₹600 from a bank at 6% simple interest per year. How much must it pay back in all after 3 years (in ₹)?
  33. 33.A small family shop borrows ₹300 from a bank at 2% simple interest per year. How much must it pay back in all after 1 year (in ₹)?
  34. 34.A small family shop borrows ₹400 from a bank at 7% simple interest per year. How much interest is due after 2 years (in ₹)?
  35. 35.Which of these is reinvesting in the business? (a) an emergency fund (b) a new video game (c) sweets for yourself (d) buying a second juicer
  36. 36.A small family shop borrows ₹100 from a bank at 7% simple interest per year. How much must it pay back in all after 1 year (in ₹)?
  37. 37.Lakshmi’s stall made a profit of ₹1600. Lakshmi saves 50% of it. How many rupees are saved?
  38. 38.A small family shop borrows ₹700 from a bank at 4% simple interest per year. How much interest is due after 2 years (in ₹)?
  39. 39.🐷 Saving, reinvesting or spending: a cinema ticket? (a) saving (b) spending (c) reinvesting
  40. 40.Which of these is saving? (a) a cinema ticket (b) better paint for cards (c) more seeds for next time (d) profit put in a bank

Answer key

  1. better paint for cards
  2. a piggy bank for later
  3. 120
  4. 868
  5. to keep trust
  6. 250
  7. a new video game
  8. 408
  9. talk to parents
  10. reinvesting
  11. saving
  12. for bad days and goals
  13. 1080
  14. saving
  15. 1000
  16. 850
  17. spending
  18. 600
  19. 720
  20. the cost of borrowing
  21. putting profit back in
  22. reinvesting
  23. 1000
  24. more seeds for next time
  25. 216
  26. can I pay it back?
  27. an emergency fund
  28. reinvesting
  29. 35
  30. 360
  31. 100
  32. 708
  33. 306
  34. 56
  35. buying a second juicer
  36. 107
  37. 800
  38. 56
  39. spending
  40. profit put in a bank

Free entrepreneurship lessons, practice and worksheets at talentjr.in/entrepreneurship-for-kids